Governor McDonnell squawked loudly for Virginia and crowed about lower unemployment numbers and Virginia’s growth. VRS compares very favorably to most other pension plans but needs some tweaking to stay solvent, according to McDonnell.
McDonnell needs to be reminded that the VRS is not the state’s personal ATM. It was very solvent for many years, since 1908 to be exact. Funny how the Republicans discover its woes after all these years. Could it be that Mrs. Cantor wants to shift the burden of payment off the state and and the localities? Isn’t that the Republican way? Maybe the state should keep paying and the employee chip in a little more. That would should good faith. I sure don’t want to hear the Republicans chest thumping about how much money they saved the state in a few years.
Gee, I wonder why Virginia stands out in low unemployment, is he speaking about ALL of Virginia? NO, he is not, because central virginia has incredibly high unemployment, along with parts of very southern va.
This may be shocking to the Govenor, but the areas that are thriving are dependent on government money. Like, where I live for instance. Northern Virginia has a multitude of government contractors, who is their customer again? Oh, right, the government!